Bitcoin Has 3 Years to Survive the Quantum Threat | Nic Carter
The assumption that there will be clear notice before "Q-Day"—the day a cryptographically relevant quantum computer (CRQC) emerges—is flawed. Unlike Y2K, there won't be a precise date; it will simply happen. Recent papers from Google and Oratomic indicate that Q-Day might arrive sooner and more abruptly than previously thought, posing a significant threat to Bitcoin.
Nick Carter expresses concern about Bitcoin's complacency, contrasting it with Ethereum Foundation's proactivity in addressing quantum threats. The theme of the discussion is "saving Bitcoin," which requires substantial work. Bitcoin's governance, characterized by a preference for the status quo and resistance to change, is ill-suited to an existential threat with an uncertain timeline requiring total mobilization. Historically, Bitcoin's strength has been its immutability, but this now presents a weakness. The ecosystem has evolved to select for relentless optimists who ignore FUD, which makes it difficult to acknowledge and address an existential threat.
